Art Market

Qatar is the world's biggest contemporary art buyer!

The small, energy-rich state is behind most of the major modern and contemporary art deals over the past six years
DOHA. The small but energy-rich Gulf state of Qatar is the world’s biggest buyer in the art market—by value, at any rate—and is behind most of the major modern and contemporary art deals over the past six years according to The Art Newspaper.

 

Working through a number of advisors, as well as buying directly from dealers and at auction, Qatar is reliably believed to be building up a top-class collection of modern and contemporary art. Last month, Sheikha Al Mayassa Bint Hamad Bin Khalifa Al-Thani—the 27-year-old daughter of the Emir of Qatar and a driving force behind the country’s art buying—announced that Christie’s chairman, Edward Dolman, will become executive director of her office. Dolman will also join the board of trustees of the Qatar Museums Authority (QMA), which oversees museums and cultural initiatives in the country and which the Sheikha chairs.

Sheikha Al Mayassa is not the only art collector in the family: her relative Sheikh Saud Bin Muhammad Bin Ali Al-Thani has always been a passionate art ­buyer, and was recently named as one of the world’s top ten collectors by Artnews.

Dolman will be working on art acquisitions for the growing network of museums, which are ­directed by the art historian and former head of the Rhode Island School of Design, Roger Mandle. According to Dolman: “Qatar is looking to deliver a series of ­exciting cultural projects in time for the World Cup in 2022.”